Veritas Asset Management Llp Has Trimmed By $5.20 Million Its Baxter International (BAX) Holding; Pentair plc (PNR) Had 7 Bulls

February 18, 2018 - By Ellis Scott

Veritas Asset Management Llp decreased Baxter International Inc (BAX) stake by 0.82% reported in 2017Q3 SEC filing. Veritas Asset Management Llp sold 83,900 shares as Baxter International Inc (BAX)’s stock rose 15.04%. The Veritas Asset Management Llp holds 10.10 million shares with $633.47 million value, down from 10.18M last quarter. Baxter International Inc now has $36.14 billion valuation. The stock decreased 0.17% or $0.11 during the last trading session, reaching $66.33. About 3.73 million shares traded or 18.66% up from the average. Baxter International Inc. (NYSE:BAX) has risen 32.55% since February 18, 2017 and is uptrending. It has outperformed by 15.85% the S&P500.

Among 24 analysts covering Pentair Inc. (NYSE:PNR), 7 have Buy rating, 5 Sell and 12 Hold. Therefore 29% are positive. Pentair Inc. had 82 analyst reports since July 22, 2015 according to SRatingsIntel. Susquehanna maintained it with “Positive” rating and $67 target in Wednesday, April 27 report. The firm earned “Neutral” rating on Monday, September 26 by Credit Suisse. Susquehanna downgraded the shares of PNR in report on Monday, November 7 to “Neutral” rating. The rating was maintained by RBC Capital Markets on Wednesday, July 22 with “Outperform”. The stock of Pentair plc (NYSE:PNR) earned “Underperform” rating by Cowen & Co on Thursday, September 1. Susquehanna maintained the stock with “Hold” rating in Friday, January 12 report. The firm earned “Hold” rating on Wednesday, August 16 by Oppenheimer. UBS upgraded the shares of PNR in report on Wednesday, April 27 to “Buy” rating. The company was maintained on Wednesday, February 14 by BMO Capital Markets. BMO Capital Markets maintained the stock with “Hold” rating in Wednesday, September 6 report. See Pentair plc (NYSE:PNR) latest ratings:

15/02/2018 Broker: Barclays Capital Rating: Underweight New Target: $66 Initiates Coverage On
14/02/2018 Broker: BMO Capital Markets Old Rating: Market Perform New Rating: Market Perform Old Target: $80 New Target: $78 Maintain
31/01/2018 Broker: Stifel Nicolaus Rating: Hold New Target: $78.0 Maintain
30/01/2018 Broker: RBC Capital Markets Rating: Buy New Target: $79.0 Maintain
30/01/2018 Broker: Robert W. Baird Rating: Hold New Target: $78.0 Maintain
31/01/2018 Broker: KeyBanc Capital Markets Old Rating: Overweight New Rating: Overweight Old Target: $80 New Target: $85 Maintain
25/01/2018 Broker: BMO Capital Markets Rating: Hold New Target: $80.0 Maintain
25/01/2018 Broker: Cowen & Co Rating: Sell New Target: $65.0 Maintain
23/01/2018 Broker: UBS Rating: Sell Initiates Coverage On
12/01/2018 Broker: Susquehanna Rating: Hold New Target: $71.0 Maintain

The stock increased 0.25% or $0.18 during the last trading session, reaching $70.83. About 1.23M shares traded or 13.61% up from the average. Pentair plc (NYSE:PNR) has risen 14.99% since February 18, 2017 and is uptrending. It has underperformed by 1.71% the S&P500.

Since September 28, 2017, it had 0 insider buys, and 2 sales for $516,566 activity. MERRIMAN RONALD sold $348,400 worth of stock. $168,166 worth of Pentair plc (NYSE:PNR) was sold by Stauch John L.

Investors sentiment decreased to 1.04 in Q3 2017. Its down 0.11, from 1.15 in 2017Q2. It turned negative, as 24 investors sold Pentair plc shares while 147 reduced holdings. 47 funds opened positions while 131 raised stakes. 151.12 million shares or 1.77% less from 153.84 million shares in 2017Q2 were reported. Carnegie Asset Ltd Liability Corporation holds 0.09% or 10,860 shares in its portfolio. Cliftonlarsonallen Wealth Advisors Limited Co holds 0.09% of its portfolio in Pentair plc (NYSE:PNR) for 11,874 shares. State Treasurer State Of Michigan holds 0.03% in Pentair plc (NYSE:PNR) or 50,102 shares. Oakbrook Llc invested 0.06% in Pentair plc (NYSE:PNR). Trian Fund Mngmt L P stated it has 7.96% of its portfolio in Pentair plc (NYSE:PNR). Evercore Wealth Mgmt Lc invested in 0% or 1,136 shares. Tokio Marine Asset Mngmt Limited reported 0.39% stake. Dimensional Fund Advsrs Lp, a Texas-based fund reported 2.16 million shares. Etrade Capital Management Limited Liability Company holds 0.02% or 6,954 shares in its portfolio. State Of Wisconsin Inv Board invested 0.06% of its portfolio in Pentair plc (NYSE:PNR). Benjamin F Edwards & holds 0.03% in Pentair plc (NYSE:PNR) or 3,517 shares. 3.04 million are owned by Fmr Ltd. Tower Bridge Advsrs invested in 3,975 shares. Live Your Vision Lc invested 0% of its portfolio in Pentair plc (NYSE:PNR). Stevens Cap Mgmt Limited Partnership accumulated 0.15% or 59,989 shares.

Pentair plc operates as a diversified industrial manufacturing firm in the United States, Europe, and internationally. The company has market cap of $12.86 billion. The firm operates through two divisions, Water and Electrical. It has a 19.54 P/E ratio. The Water segment designs, makes, and services products and solutions to meet filtration, separation, flow, and water management challenges in agriculture, aquaculture, foodservice, food and beverage processing, swimming pools, water supply and disposal, and various industrial applications.

Since August 17, 2017, it had 0 insider purchases, and 3 sales for $1.39 million activity. $555,538 worth of Baxter International Inc. (NYSE:BAX) was sold by STALLKAMP THOMAS T on Tuesday, September 5. The insider FORSYTH JOHN D sold $583,014. 4,020 shares valued at $247,672 were sold by Shapazian Carole J on Thursday, August 24. Accogli Giuseppe also sold $772,363 worth of Baxter International Inc. (NYSE:BAX) shares.

Among 19 analysts covering Baxter International (NYSE:BAX), 11 have Buy rating, 0 Sell and 8 Hold. Therefore 58% are positive. Baxter International had 55 analyst reports since July 30, 2015 according to SRatingsIntel. Credit Suisse maintained the stock with “Neutral” rating in Monday, April 25 report. The stock of Baxter International Inc. (NYSE:BAX) has “Buy” rating given on Monday, November 13 by BMO Capital Markets. The firm has “Equal-Weight” rating given on Tuesday, July 25 by Morgan Stanley. The company was initiated on Tuesday, September 22 by UBS. JP Morgan upgraded the stock to “Overweight” rating in Tuesday, January 2 report. Barclays Capital initiated it with “Overweight” rating and $52 target in Thursday, September 15 report. The rating was maintained by Barclays Capital with “Overweight” on Friday, February 2. The firm earned “Hold” rating on Wednesday, July 26 by RBC Capital Markets. The rating was initiated by Evercore on Wednesday, May 4 with “Buy”. The firm earned “Outperform” rating on Tuesday, July 11 by BMO Capital Markets.

Veritas Asset Management Llp increased Allergan Inc Com Usd0.01 stake by 171,667 shares to 3.73M valued at $764.32M in 2017Q3. It also upped Qualcomm Inc (NASDAQ:QCOM) stake by 5.45M shares and now owns 13.43 million shares. Thermo Fisher Scientific Inc (NYSE:TMO) was raised too.

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